Business Environment Quiz-2

Business Environment Quiz-2

Quiz

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1. Business environment includes
   1.   Surroundings of Business
   2.   Forces, Factors, Institutions which directly or indirectly effect business
   3.   Customers and Employees
   4.   None of the above
2. Face book, Twitter and Whatsapp is the result of
   1.   Political Environment
   2.   Economic Environment
   3.   Social Environment
   4.   Technological Environment
3. Change in sensex and Nifty during election is part of
   1.   Political Environment
   2.   Social Environment
   3.   Legal Environment
   4.   Economic Environment
4. Liberalisation is
   1.   Free Flow of goods and services
   2.   Increase participation of private sector
   3.   Reduction in formalities, taxes and tariff
   4.   Unity among Political Parties
5. Eco-friendly products are gaining power as the consumers' awareness about environmental issues has increased over the years and they are conscious about choosing products that do not have adverse effects on the environment. They are now more conscious about the carbon emission and climate change effects, and want themselves to be 'seen' as a green advocate among their peers. In such a scenario, it has become a challenge for the companies as they have to not only meet the needs of the consumers but also ensure that their products are safe and environment friendly. As a result, there is growing need for better and advanced technologies to works as a catalyst in this regard. Identify the relevant feature of business environment being discussed above.
   1.   Relativity
   2.   Inter-relatedness
   3.   Complex
   4.   Uncertain
6. Opening doors for private sector in the area reserved for public sector is known as
   
   1.   Privatisation
   2.   Liberalisation
   3.   Globalisation
   4.   None of the above
7. The conditions in Business Environment keep changing as it is
   1.   External Environment
   2.   Complex
   3.   Dynamic
   4.   None of the above
8. The importance of business environment which helps to know in advance forthcoming constraints and threats of business is
   1.   Helpful in getting first mover advantage
   2.   Early warning signals
   3.   Assist in planning and policy making
   4.   All of the above
9. It is interesting to know that the menu items of the multinational food chains are customised to suit the general palates of the local people in the region. When McDonald's started its business in India in the year 1996, the company went through a complete localisation strategy McDonald's changed its product menu to accommodate the vegetable burger given the large vegetarian population. It also altered its store design and even reduced the product price by close to fifteen per cent. Also, the "McAloo Tikki burger" is not available anywhere but in the Indian outlets of McDonalds.Identify the relevant feature of business environment being discussed above.
   1.   Relativity
   2.   Inter-relatedness
   3.   Complex
   4.   Uncertain
10. Demonetisation had direct impact on
    1.   Social Environment
    2.   Political Environment
    3.   Economic Environment
    4.   None of the above
11. The Government of India is seriously thinking of allowing the oil-marketing public sector undertaking to fix their own prices for petrol and diesel. Which economic reform is the reason for this change in the government's policy?
    1.   Privatisation
    2.   Liberalisation
    3.   Globalisation
    4.   None of the above
12. It is compulsory that advertisement on baby food must inform that mother's milk is the best is related to
    1.   Social Environment
    2.   Economic Environment
    3.   Political Environment
    4.   Legal Environment
13. With changes in the consumption habits of people, Neelesh, who was running a sweet shop, shifted to the chocolate business. On the eve of Diwali, he offered chocolates in attractive packages at reasonable prices. He anticipated huge demand and created a website chocolove.com for taking orders online. He got a lot of orders online and earned huge profits by selling the chocolate. Identify and explain the dimensions of business environment discussed in the above case.
    1.   Social environment
    2.   Political environment
    3.   Technological environment
    4.   Both Social and Technological environment
14. The environment scanning helps to identify
    1.   Opportunities
    2.   Threats
    3.   Both the above
    4.   None of the above
15. Change in taxes is part of
    1.   Economic Environment
    2.   Political Environment
    3.   Legal Environment
    4.   Social Environment
16. Relaxation or removal of strict rules and regulations is part of
    
    1.   Liberalisation
    2.   Globalisation
    3.   Privatisation
    4.   All of the above
17. Swachh Bharat Abhiyan started by BJP government is part of
    1.   Legal Environment
    2.   Social Environment
    3.   Political Environment
    4.   Economic Environment
18. Creating a website and selling online is related to
    1.   Social Environment
    2.   Political Environment
    3.   Economic Environment
    4.   Technological environment
19. Attitude of customers towards innovation, lifestyle, etc. is part of
    1.   Technological Environment
    2.   Social Environment
    3.   Political Environment
    4.   Legal Environment
20. "Sudden announcement of demonetisation by our Prime Minister" is an example of this feature of business environment.
    1.   Relativity
    2.   specific and general forces
    3.   Inter related
    4.   uncertain
21. Shift of youth in India towards packed food, online buying is part of
    1.   Political Environment
    2.   Social Environment
    3.   Legal Environment
    4.   Technological Environment
22. Through environmental scanning, business firms can enjoy
    1.   Competition
    2.   First mover advantages
    3.   Benefit of Tax
    4.   Tapping useful resources
23. With the introduction of mineral water bottle in India, Bisleri was able to capture the big market share in India. Which importance of Business Environment is highlighted here.
    1.   Helps in Policy Making
    2.   Identifying threat and getting warning signals
    3.   Helps in tapping resources
    4.   Help to identify opportunities and getting first mover advantage.
24. The forces in Business Environment that effect all the business houses are known as
    1.   General
    2.   Specific
    3.   Particular
    4.   Influential
25. Postage stamps have been unveiled to commemorate 140 years of existence of the country's first stock exchange the Bombay Stock Exchange (BSE). The setting up of BSE is considered to be the greatest revolution that took place in the financial markets in India as it acts as a key driver for economic growth of a country. This is due to the fact that there exists a strong corelation between economic growth and capital accumulation. In the context of the above case: Identify the dimension of business environment of India being referred here.
    1.   Social environment
    2.   Economic environment
    3.   Political environment
    4.   Technological environment